ATCO (TSE:ACO.Y) Share Price Passes Above Fifty Day Moving Average – What’s Next?

ATCO Ltd. (TSE:ACO.Y) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$60.00 and traded as high as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares traded.

ATCO Stock Down 0.9%

The firm has a 50-day simple moving average of C$60.00 and a 200 day simple moving average of C$58.62. The stock has a market capitalization of C$6.73 billion, a P/E ratio of 15.67 and a beta of 0.69. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.